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Search Results 0 to 49 of about 72 (some duplicates have been removed)
Bloomberg
Apr 23, 2017 6:00am EDT
, beginning with the kansas city fed president esther george. >> the fed seems to be divided into a camp that says we can do one more, a camp that says we can do two more, and even one that says there could be three more. where are you pitching your tent? ms. george: i am looking at normalization, and that requires that you cannot pin down the number today. you know for the long run where you are going and you continue to move forward, watching how the economy reacts. i think the strategy of going gradual has been one i have supported. whether that means we will get four moves, three moves, or no more at all will be a function of how we see the outlook unfold. that is what we do at every fomc meeting. michael: you suggested if things proceed as you expect, you would be in favor of normalizing the balance sheet by the end of the year. a number of decisions must be made on how to do that. one think that people want to know, when would we get that announcement of how the fed is going to handle the balance sheet? george: i don't know the date of that. you saw in the minutes that we began that dis
Bloomberg
Jan 23, 2016 10:00pm EST
much more careful so we avoid repeating 2008. george: 2008, regarding repeating, it was a time of financial crisis and a bear market. and we have the same conditions today. but the source of this equilibrium is different. in 2008, it was the subprime crashes. this year, it is china, so it is not comparable. francine: is this because they are not doing how we would think or deflation? george: it is deflation and over indebtedness over the chinese economy. the total social debt is down 300% and maybe actually might be up to 350% if you take into account the external event. so it is serious. ♪ hans: welcome back to "bloomberg best." i'm hans nichols live in davos at the 2016 economic forum. here are "bloomberg best's" best conversations from the week. francine: when do you see it bottom out in oil prices? fatih: i think it is also at issue for oil, because lower, slower oil demand. which means there is going to be lots of oil in the market. we will have more supply than the demand. for 2016, the supply and demand situation will be under pressure and i don't see any reason why we wi
Bloomberg
Oct 2, 2016 6:00am EDT
"bloomberg best," including exclusive interviews with jack lew, george osborne, and philadelphia fed president patrick harper. he provides his insight perspective on the dissent at the last fomc meeting. plus, insight from bloomberg's star-studded global summit. stay with us. this is bloomberg. ♪ . ♪ sec. lew: we know there are a lot of people in america who do not feel they benefit from growth. you can win the argument on trade that the economy will grow. but people will say, what does it mean for me? the answer is we invest in the things people see affecting their lives. we have infrastructure that needs to be modernized. that creates good jobs and tells people that we care you sit in traffic for two hours on the way to work. nobody enjoys being stuck in traffic for two hours in the morning. we know people worry about whether their kids will have the opportunity they had. secondary education, primary education, technical education, we can help people get the skills they need. childcare is a burden that most working families struggle with. we have had proposals to deal with that
Bloomberg
Oct 1, 2016 12:00pm EDT
plenty left on this edition of "bloomberg best," including exclusive interviews with jack lew, george osborne, and philadelphia fed president patrick harper. he provides his insight perspective on the dissent at the last fomc meeting. plus, insight from bloomberg's star-studded global summit. stay with us. this is bloomberg. ♪ hey how's it going, hotcakes? hotcakes. this place has hotcakes. so why aren't they selling like hotcakes? with comcast business internet and wifi pro, they could be. just add a customized message to your wifi pro splash page and you'll reach your customers where their eyes are already - on their devices. order up. it's more than just wifi, it can help grow your business. you don't see that every day. introducing wifi pro, wifi that helps grow your business. comcast business. built for business. sec. lew: we know there are a lot of people in america who do not feel they benefit from growth. you can win the argument on trade that the economy will grow. but people will say, what does it mean for me? the answer is we invest in the things people see affecting thei
Bloomberg
May 22, 2016 5:00pm EDT
inditex. george soros goes for gold. the farmer deal machine keeps humming. the fed minutes saying get ready for a rate hike. >> the keyword is june. >> the earnings report. >> clearly, walmart wins. >> then, the ceo said second quarter won't be great. >> oil prices rally, that is a slope really behind us? >> i am shocked this market is an substantially higher. >> and how did a big-time investment for its feel about the world economy? >> it's not the same positive activity we saw last year. >> we are going to proceed with caution. >> we have to be worried about it. >> it's all straight ahead on "bloomberg best." hello and welcome, i'm shery ahn. this is your weekly review of the most important business news analysis and interviews from bloomberg television around the world. let's begin with a day by day look back of the week's top headlines. warren buffett's has never had much of a taste for tech but on monday we will learn his company has taken a billion-dollar bite of apple. warren buffett has shown the technology companies, but that line of thinking may have gone out the window. ber
Bloomberg
Jul 14, 2017 8:00pm EDT
. >> donald trump is going to be whonating randall quarrels, served in the george w. bush administration. quarrels would play a pivotal role carrying out president trump's pledge to ease regulatory restraints put on banks after the ago trey crisis. , whatupervisory position will this do to banks? >> it should mean less regulation for banks, and more profit. doneuch can quarrels get on his own? a lot of dodd-frank is written into the legislation. what changes he makes has to get through the fed board of governors and the comptroller of the currency to try to standardize regulations across the industry. it would do things like have the volcker rule lined up. he doesn't want to see banks broken up, doesn't like the resolution authority they have put in place to wind down banks if they are failing. he thinks capital standards are too high. he does think there are some good things about dodd-frank. he is not going to take a meet asked everything -- meet acts -- meat axe to everything. >> they are considering selling seeking international partners as the producer of the most crude and the unit
Bloomberg
Jul 17, 2016 5:00pm EDT
2012 trayvon martin was gunned down by george zimmerman, a neighborhood watch volunteer he claimed he shot him in self-defense. after zimmerman's acquittal, the first black lives matter debuted as a hashtag on twitter. you reemerged in a vaguely a year later when michael brown was shot by ferguson police officer darren wilson at a protest freedom ride that took place under the black lives matter banner. more than 500 people attended. in august 2014 the #black lives matter was used more than 52,000 times. now, here is the argument. following the shootings of especially police officers during a protest march in dallas, the black lives matter movement is spilling over to being an election issue. although not a clear-cut one. while hillary clinton is staunchly in favor of the black lives matter movement, she has not impressed the movement's leaders. they disrupted a speech and private fundraiser as well as a speechwriter husband, former president bill clinton. >> i love protesters. except when they won't let you answer. >> donald trump is in favor. >> you can hear it once. all lives matte
Bloomberg
Nov 12, 2016 12:00pm EST
. scientific polling started with one man in 1932 -- george gallup, who conducted a poll for his mother-in-law who was running to be secretary of state in iowa. his polling was accurate, and she won, but he still got some predictions wrong. remember this headline -- one of the biggest election headline blunders of all time was the result of incorrect polls. methods were refined to become more accurate. today, there is gallup, rasmussen, quinnipiac, reuters, even yours truly -- bloomberg -- conducts them. the list goes on and on, but it is getting harder and harder to trust their accuracy. one reason, the cell phone. because of a ban on cell phone iodine all calls must be made , manually. that is not only time-consuming but expensive. because anyone on his cell phone can see who is down, most people don't answer the call. the response rate in 1997, 30 6% -- 36%. in 2012, 9%. low response rates say it is harder to get responses. they are more likely to trust aggregations of polls like those created by 538, as they do not focus on one poll. here is the argument -- there is a lot of work to be
Bloomberg
Aug 26, 2017 2:00am EDT
with two top federal reserve officials. starting with kansas city fed president esther george. esther: so when i think about inflation him up mike think about our mandate which is price stability. relative to an economy that is growing at 2% and adding jobs, i think you are in a pretty good place and we still have very accommodative monetary policies. it tells me that we should begin to gradually remove that accommodation. as long as the outlook supports that we are moving in the right direction, and i think we are. >> so that suggest that you are in favor of yet another rate move this year? esther: that was my last forecast and each year we put those together, a new opportunity to look at the data. i will be looking at the data in the next few weeks as we get ready for the september meeting and see whether it makes sense. based on what i have seen today, i think there is still an opportunity to do that. michael: so by the end of the year? not necessarily by the end of september? esther: no, not necessarily -- i do not consider a right past a commitment, i do not make the meetings. mi
Bloomberg
Dec 24, 2016 8:00am EST
increase is imminent. there were two dissents, can't the city george and cleveland semester. >> what's the big take away for you? >> they didn't want to make any waves a six days before election, and they didn't. >> to the election come up in the fed discussions at all? >> wework hard to remove political considerations for our decision-making. the one context i think it's appropriate to consider political considerations if they affect underlying economic conditions. >> no surprise the target rate for federal funds moves up .25 points, that decision unanimous. but the real news is movement in the dot plot. 1.4%, which would being -- which would mean three rate hikes in 2017. tom: do buy into three rate increases? >> i doubt the ability of the fed to raise interest rates thinktimes a year to >> i the fed took a small step beyond being just data dependence. if you walk back this notion of high pressure, this is a fed that could be tighter than we thought otherwise. that's what really moved to the market. it wasn't so much the statement as the press conference. onid: straight ah
Bloomberg
Aug 21, 2016 6:00am EDT
little overdone. i don't quite agree with george soros. >> you applied for 280 new gaming tables at the wynn palace and ended up getting 150 altogether. what was your reaction? >> we thought 100 was the minimum, and we planned accordingly and hired accordingly. if you ask a fellow executive that has a hotel that includes gaming room, they will say it's much better to be under spread in games than overspread because no one likes to see a bunch of idle tables. >> it seems as if times have changed, the messaging has changed. coming from the government and regulator, they want to clamp down on things a bit more. >> clamping down, the vip has -- the junket has shrunk because the demand went away, the customers want away. i don't think the government took aim at the junket operators. that's not the impression i have. i think the policies of central government in beijing had an effect of reducing consumer spending at the high end, louis vuitton, chanel. gaming fell into that category. >> are we in the recovery? >> good question. i don't know. it is hard to answer that. i think everybody is
Bloomberg
Nov 20, 2016 5:00pm EST
. saying of george w. bush -- >> yesterday, the devil came here, and it smells of sulfur today. >> while in power, chavez limited thousands of companies he said were not functioning in the country's interest, and he focused the entire on one thing -- producing oil. this meant that almost everything venezuela consumed besides oil needed to be imported, chavez borrowed a lot of money to fund it all. while oil prices were high, it worked. then in 2013, the first domino fell. chavez died. maduro took over for chavez, and in 2014, the second domino fell. the price of oil started to crumble. revenue from oil accounts for 95% of venezuela's export earnings. when the price of oil plummeted, venezuela found itself suddenly short on cash. the government slashed groceries and medical supplies. it also started printing money, causing inflation, which has surged into the triple digits without an end in sight. the economic freefall having exacerbated the social problems. the country's murder rate is surpassed only by honduras. citizens wait for hours to get simple household goods, and venezuela's mise
Bloomberg
Dec 19, 2015 1:00pm EST
in a few theaters in the u.s. when disney brought -- bought star wars from george lucas in 2012, some analysts questioned their wisdom. the hype around the movie and the merchandising is increasingly starting to look like a bargain. scarlet: when "bloomberg best", we will review some of the week's best interviews. we will also share global predictions. first, some of the best images captured by bloomberg news photographers. ♪ ♪ scarlet: welcome back to "bloomberg best", and scarlet fu. a legendary real estate mogul and former u.s. treasury secretary, presidential candidate from the republic of china, those were a few of the business and political leaders who spoke with bloomberg tv this week. let's listen in to some of our most interesting conversations. >> the world bank is also one of the biggest funders of green project. does this deal change anything? >> absolutely. the ambition was scaled up at this historic meeting. now we are not just shooting for two degrees celsius, we are shooting for 1.5 degrees celsius. in other words, we have to get much more serious everywhere we wor
Bloomberg
Feb 19, 2017 6:00am EST
international university law school. he served on the labor relations board under george bush. he has also gone on to have a couple prominent positions at the justice department. a really rich history. there are many published opinions we will be taking a look at. he is also the first hispanic, would alleviate some of the criticisms of trump not appointing any hispanics to cabinet positions. jonathan: in the u.k., prime minister tony blair making a series of headlines as he urged those opposed to brexit to stand up and fight back. >> the people voted without knowledge of the terms of brexit. as these terms become clear, it is their right to change their mind. our mission is to persuade them to do so. >> what is he doing? >> i think he is saying that nobody is making the opposite case. to a extent he has a point. , there is very little that represents the people who voted remain in the political discourse. i think what he hopes is there is a group of people out there not standing up, the silent remainers that are not making , their voices heard. he is hoping that maybe some within that
Bloomberg
Nov 19, 2016 8:00am EST
george w. bush -- >> it smells of sulfur still today. >> while in power, chavez limited thousands of companies he said were not functioning in interest, and he focused the entire on one thing -- producing oil. that means everything besides oil had to be imported. while oil prices were high, it worked. then in 2013, the first domino fell. chavez died. took over for chavez, and in 2014, the second domino fell. the price of oil started to crumble. it accounts for 95% of the country's commodity earnings. the company found itself short -- the country found itself short on cash. money,ted printing causing inflation, which has surged into the triple digits without an end in sight. the economic freefall having country'sd -- the murder rate is surpassed only by honduras. it has gotten so bad that food storage is have -- shortages has prompted major riots. demonstrations have been held across the country, calling for maduro's ousture. -- his the argument opponent say he should resign immediately. however, some say the alternative is not much better. alliance ison pushing for a new election, bu
Bloomberg
Jun 19, 2016 5:00pm EDT
opportunity that britain remains in the eu. >> do you think that george osborne's budget predictions are a threat to brexit voters? are you saying you think it is irresponsible of him in his position? >> i think there are forecasts -- the 2030 forecast in particular is absurd. most people do not believe you can predict what the economy is going to be like in 2030, and if you can, you should at least get the arithmetic right and used the correct numbers, which the treasury and mr. osborne failed to do. they have already been partly wrong because they have tried to talk interest rates up and the pound down over the last six months, and we have seen instead that the government interest rates have actually fallen. the brexit has not been there and it has not made british interest rates go up in the way that the treasury and mr. osborne were forecasting a few weeks and months ago. >> people were buying because they see it as a safe haven, though? >> the point i'm making is the brexit is not the only thing going on out there and the brexit or's is not strong enough in the way that treasury said
Bloomberg
Mar 26, 2016 1:00pm EDT
terrorist attacks in brussels. he is currently the dean of the george bush school of government at texas a&m university. he joins us now from college station. what could europe do now as a whole or individual countries to deal with situations like this that it did not do in the wake of the paris terrorist attacks? >> there are two big fundamental issues out there. one of them is simply the quality and coordination of european intelligence and security services. they are, by and large, certainly in belgium, far behind where we were on 9/11, and we have traveled light years in both our capabilities and our coordination since then. the europeans have got to improve both the quality and the coordination of their intelligence and security services. islamic state is finding the gaps, the weak spots, and we see the results. the second thing that is such a major difference between the u.s. and europe is that we integrate people in this country. we don't have a situation similar in the united states, essentially an arab and muslim ghetto. our openness, the way successive waves of immigrants
Bloomberg
Apr 17, 2016 5:00pm EDT
? george: the north american business is their most profitable business. it is hard to not to want to grow that share, because it is quite possible they could have a lot of cash flow, profits to the bottom line. i think if they are acting in the best interests, they'll probably try to maintain capacity to keep fares higher, but the flipside is low-cost carriers bringing a lot of capacity to the market. competitors are saying, if we don't lower fares and try to keep market share, we lose market share. jonathan: another beat this morning. citigroup coming out with earnings that exceed analyst estimates. cost-cutting mitigating the revenue drop. >> as an investor, you don't have to have a revenue story as well as violation practice, that can be good. citigroup is a good example, revenue growth will remain challenged for banks on a global basis. however, valuations are relatively cheap, and they can cut costs to show some level of profitability growth. i think that is what we will be dealing with for the next three years. david: that is the way to gain profitability through cost-cutting,
Bloomberg
Oct 9, 2016 5:00pm EDT
. scientific polling started with one man in 1932, george gallup, who conducted a poll for his beher-in-law, running to secretary of state in iowa. his polling was accurate and she won, but he still got some productions wrong. remember this headline? one of the biggest blunders of all time was illegal -- was a result of incorrect polls. they were refined to be more accurate, and as they did the polls grew exponentially. today there is gallup, rasmussen, quinnipiac, ugov, reuters, and even bloomberg conducts them. the list goes on and on, but it is getting harder and harder to trust their accuracy. one reason, the cell phone. because of a ban on cell phone auto dialing, all calls to cell phones must be made manually, which is not only time-consuming, but expensive. call onyone receiving a their cell phone who doesn't recognize who's calling tends to not answer. 36%.esponse rate in 1997, in 2012, 9%. below response rate makes it harder to get accurate responses, so analysts are more likely to trust aggregations of polls, like those created by 538, because they don't just focus on one poll. he
Bloomberg
Apr 16, 2017 6:00am EDT
hitting against their max load factor, what does that mean for their bottom line? george: i think it means we are not going to get a benefit to their bottom line from selling the load factor even higher. i think the challenge here is the airlines have to think about if they are going to oversell the airplane to the degree that they are right now, the economics may have to be that they are willing to raise the price they are willing to pay passengers to get off the airplane so they can get the priority passengers on. >> we can see it is a man of asian descent. what is the ramification in terms of passengers in asia? there is a blowback here. >> there is a very potential blowback here because if the chinese population feels united was discriminating somehow against this passenger because of his race, that can be a severe problem because united has the most nonstop flights to china from the u.s. among the u.s. carriers. mark: bombardier said to be in talks to combine train operations. that is according to people familiar with the matter. what is the logic? what is the industrial logic?
Bloomberg
Jul 16, 2016 12:00pm EDT
social media. how did it start? in 2012 trayvon martin was gunned down by george zimmerman, volunteerhood watch who claimed self-defense. the phrasecquittal, black lives matter debuted on twitter and protest rallies. it reemerged a year later when michael brown was shot by ferguson police officer darren wilson. place under the black lives matter banner. 500 people attended. hashtag was used 52,000 times. following the protest march in dallas, the black lives matter movement is spilling over to be an election issue, but not near cut. hillary clinton is in favor of the movement, but has not impressed the movement. protesters interrupted a speech and one by her husband, former president bill clinton. >> i love protesters, except when they will not -- >> on the other side, donald trump is not in favor either. >> all lives matter. >> trump is critical of the black lives matter protesters and says police are "the most mistreated people in the country." erik: that was one of the many takes on the bloomberg. you can find it at bloomberg.com with news and analysis 24 hours a day. th
Bloomberg
Sep 25, 2016 6:00am EDT
esther george voted to raise interest rates to half a point at the meeting. matt: did you think we got what we expected? torsten: i think the major breaking news is definitely the dissents. for a long time, we have been interpreting all kinds of fed speak. some have moved in one direction and more in the other direction but at the end of the day, the , vote matters. matt: but didn't we know that? they each had given a speech in the past few weeks indicating that's what would happen. torsten: previously, we have had speeches where they have not dissented. so i think the fact they are voting for this makes a huge difference, and it sets us up for expectations in the future because part of the committee has said "i have been loyal, but , now i feel it's time to go," and i think it's an important development that we should pay attention to. ♪ matt: hedge fund manager leon cooperman is being accused of insider trading by u.s. regulators over his buying and selling of atlas pipeline partners shares before material event. the sec is charging that he used his status as one of the largest
Bloomberg
Mar 5, 2017 6:00am EST
been at the firm for eight years, former treasury undersecretary under george w. bush, is being elevated to co-ceo with eileen murray, formally of morgan stanley, also who has a deep background in technology. >> as you can hear around me, the buzz is building. people are excited. they want to see what these shares are going to be trading at. we are hearing they are closing. there we have it. we are at $24. $23.61. this is a big uptick. we are talking a 40% top on the share price. much excitement and congratulating. the guys telling me that was 24 -- 24 million shares being traded about 10% to 12% on the 200 million that were initially put into the market by snap. it is a fun day and many more tech ipos maybe to come. >> this has been an incredible week. last week, the odds of a fed hike in march were low. maybe 20%. within one week, they got to 80% or 90%. it is one of those weeks in which the fed changed its own mind and the minds of the public to get the market to go from a low chance to a high chance of a march move. >> janet yellen speaking at 1:00 p.m., all eyes on what you
Bloomberg
Oct 8, 2016 8:00am EDT
in 1932, george gallup. he conducted a poll for his mother-in-law who is running to be secretary of state of iowa. this polling was accurate and she won, but he still got some predictions wrong. whenever this headline? one of the biggest blunders of all time was the result of incorrect polls, including gallups. methods were refined to become more accurate, and polls grew exponentially. today there is gallup, recipes and, quinnipiac, reuters, even bloomberg conducts them. the list goes on and on. but it's getting harder and harder to trust the mac -- trust the accuracy. because of a ban on cell phone auto dialing all call systems must be made manually. which is not only time-consuming but expensive. also, since anyone receiving a call on the cell phone can see who is calling, they tend essentially not answer the pollsters call. the response rate in a committee seven was 36%. in 2012, 9%. the low response rate means it's becoming harder to get accurate responses. analysts are more likely to trust aggregations, like those created by 538, real clear politics as a don't just focus on one
Bloomberg
Mar 3, 2017 8:00pm EST
undersecretary under george w. bush, is being elevated to co-ceo with eileen murray of morgan stanley also who has a deep background in technology. isas you can hear, the buzz building. people are excited for they want to see what the shares are going to be trading at. we're hearing they are closing, as i said, there we have it. we are at 24. $23.61. but remember, this is a big up tick.we are talking a 40% pop up from $17 yesterday. much excitement. and congratulating. the guys telling me that was 24 million shares being traded, 10% to 12% on the 200 million put into the market by snap. many more tech ipo's may be to come. >> this is been an incredible week. i was teaching my class. last week, the odds of a fed move in march were very low, maybe 20%. within one week they got to 80%. it is one of those weeks in own mind,fed changes apparently and change the minds of the public to get the markets to go from a low chance to a very high chance. almost a upure chance of a march move. >> janet yellen speaking today. all eyes on what she might say about march. you can see with the markets are saying
Bloomberg
Jun 11, 2016 12:00pm EDT
another campaign this year in america. you famously found common ground with george w. bush. now the republican candidate who we alluded to earlier wants to trade more with china wants , to build a wall with mexico. he wants to discourage muslims from visiting america. could you find common ground with a president trump? tony: it's not clear to me what the common ground would be. john: that's a very different answer. you managed to find common ground with george w. bush, that implies you would almost find it impossible? tony: the american election is up to the american people. it's not clear to me what these policies really are. if they are some of the things that have been talked about a , trade war with china would be devastating to both sides. i can't believe that's what he would actually want to do. if you literally say no muslims can come into america, thus not a policy we could go along with. people often forget something like this of president bush, leave aside even foreign policy, george w. bush was in favor of alliance, free trade and strongly in favor of nato. he worked wit
Bloomberg
May 29, 2016 11:00am EDT
monster, directed by jodie foster. a jim cramer like huckster played by george q me -- george clooney is taken hostage by an angry man who lost his life savings. >> how do i know it won't blow up. hits. whether the candidate himself is still in the race are not. .ext there is weiner his darkly hilarious failed attempt to run for mayor of new york city -- there were documentarians they're capturing every minute. betweeng every minute him and his wife. the hillary camp is particularly eager to have back in everyone's mind. >> this is the worst. >> also coming soon, "the purge: election-year." trapped on the streets of washington dc, a senator must survive a night of terror were all crime is legal. it is "the purge" washington style. this actually sounds like a movie donald trump would personally write in 140 character bursts. the ghostbusters reboot with kristen wig and melissa mccarthy has turned somehow political. >> now they are making ghostbusters with only women. what is going on? finally, south side with you, the most overtly political. michelle and barack obama on their first date i
Bloomberg
Jan 23, 2016 8:00am EST
is not comparable. because theythis are not doing how we would think or deflation? george: it is deflation and over indebtedness over the chinese economy. the total social debt is down 300% and maybe actually might be up to 350% if you take into account the external event. so it is serious. >> welcome back to "bloomberg best." i'm on nichols live in davos at the 2016 economic forum. bestare "bloomberg best's" conversations from the week. itncine: when do you see bottom out in oil prices? at issuek it is also lower, slowerse oil demand. which means there is going to be lots of oil in the market. we will have more supply than the demand. 2016, the supply and demand situation will be under pressure and i don't see any reason why we will have a surprise increase in 2016. francine: at some point, thissin undersupply will come onto the market. is there any possibility that after two months, this will affect the market more? fatih: this index at very low investments, which means in a ime, there'll be more new projects coming on the scene to meet the growth. economies of ahe major oil pr
Search Results 0 to 49 of about 72 (some duplicates have been removed)